Vacant, 80-Unit Assisted Living Facility

Highlights

• Fully staffed turnkey facility licensed for 160 beds
• 40 semi-private & 40 private units
• Densely-populated area just 4 miles east of downtown Ft. Worth
• Upside potential (expanded services, increase bed count, aesthetic updates)
• Amenities include: resident lounge, dining area, commercial kitchen, offices, game room & chapel

Description

Qualified Bid Deadline: April 30

On-Site Inspections: March 28, April 4 & 11

Situated in Fort Worth, Texas, Tandy Village presents itself as an compelling prospect for investors and operators within the senior housing sector. To accommodate the growth in the Dallas and Fort Worth area, expansion opportunities exist through improving services like memory care, upgrading resident amenities and maximizing bed count within existing spaces. Pre-pandemic occupancy levels of 88% underscore the offering’s historical performance and future promise. Recent renovations, include a new roof layer, upgraded flooring and expanded walk-in freezer, signifying a dedication to modernizing the property. This fully operational, turnkey facility awaits an opportunistic owner operator or investor to unlock its potential.

Set in Fort Worth, Texas, these properties benefit from the city’s status as the nation’s thirteenth largest city and its rapid growth between 2010 and 2020. Situated in the larger Tarrant County, this region has drawn in major regional and national employers including Fortune 500 companies like AMR Corporation - American Airlines (24,700), Bank of America (20,000), Texas Health Resources Inc. (19,230), Baylor Scott & White All Saints Medical Center — Fort Worth (17,097), AT&T (15,800), Lockheed Martin Aeronautics Co. (14,126) and JPMorgan Chase & Co. (13,500). With these employment opportunities, it has driven the city’s population to nearly one million, with an anticipated annual growth rate of 1.2% until 2027.

Documents